Aug 20, 2017

Icahn exits as Trump adviser ahead of New Yorker story

Mark Lennihan / AP

Carl Icahn's resignation Friday from an unpaid post as Trump's adviser on deregulation was because he knew The New Yorker was about to drop a deep piece of reporting about him, according to AP:

"[T]he magazine points out potential conflicts and even possible criminal law violations involving obscure rules that require oil refineries to blend ethanol into gasoline."And Icahn resigned after the White House had already disavowed him to The New Yorker. "[T]here was never a formal appointment."Here's the juicy New Yorker piece, "Trump's Favorite Tycoon ... Carl Icahn's Failed Raid on Washington," by staff writer Patrick Radden Keefe: "Icahn is worth more than the Trump family and all the members of the Cabinet combined — and, with no constraint on his license to counsel the President on regulations that might help his businesses, he was poised to become much richer.""In conversations with me, financiers who have worked with Icahn described his appointment as a kind of corporate raid on Washington. One said, 'It's the cheapest takeover Carl's ever done.'""In our conversations, Icahn was unfailingly polite about President Trump. But it struck me that it must vex him that Trump — the lesser intellect, the lesser businessman, the little-brother tagalong — may now be too busy to take his phone calls."This is a great sentence: "Trump may want to govern like a businessman. But Washington is a club like any other, with some codes and protocols that even the brashest arrivistes cannot ignore."The whole thing is worthy of your time.

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Cuomo says New York is "literally going day-to-day with our supplies"

New York Gov. Andrew Cuomo said in a press conference on Sunday that New York is struggling to maintain medical supplies while combatting the novel coronavirus — operating "literally" on a "day-to-day" basis.

Why it matters: New York City has become an epicenter of the coronavirus outbreak, facing mass quarantines and stay-at-home orders. Cuomo said Saturday that New York reported 630 new deaths in 24 hours — an "all-time increase" that beat the previous day's record of 562 deaths.

Illinois governor: "The president does not understand the word 'federal'"

Illinois Gov. J.B. Pritzker said on CNN's "State of the Union" Sunday that President Trump's comments about the federal government's stockpile of medical equipment suggest he "does not understand the word 'federal.'"

Why it matters: White House adviser Jared Kushner argued at a press briefing last week that the "notion of the federal stockpile was it’s supposed to be our stockpile; it’s not supposed to be state stockpiles that they then use."